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Industry Focus

CG: Has StitchFix Been Fixed?

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 15 December 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Up nearly 70% in the past week alone, StitchFix’s most recent quarter has many investors feeling like they may have missed out on this e-commerce clothing retailer. But is StitchFix really fixed? Or is the sudden stock rise a product of something else entirely? Join Asit Sharma and Emily Flippen as they discuss what the future could hold for StitchFix.

Stocks: StitchFix (SFIX)

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm

0:14.7

Dylan Lewis. And today we're talking financials. Today we're talking

0:18.2

consumer goods. Wild-Carp! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:27.6

Welcome to Industry Focus. Today is Tuesday December 15 and I'm your host, Emily Flippin.

0:33.6

Today we're going to be looking at a clothing retailer whose stock has gone up nearly 70%

0:39.3

in just the past week alone.

0:41.5

No, I am not pulling your tail. Here to talk with me about the

0:44.8

latest news from fashion retailer Stitch Fix is Osset Sharma. Osset, thank you for

0:50.0

joining. Emily, thank you for having me again. So Stitch Fix is a company that many

0:56.0

investors, myself included, had really ridden off prior to last week's earnings.

1:01.4

Stitch Fix, as you well know, is a company

1:04.9

that sends personalized clothing

1:07.1

and a subscription style box.

1:09.2

And it's really seen its stock hammered

1:12.3

from its previous highs. I think it's down something or was down

1:16.3

something like 50% this year from its high in 2018. I'm just curious when you looked over the earnings announcement from this past quarter,

1:26.0

if you read this as the turnaround that stitch fix really needed,

1:31.0

or if this was just a case of expectations that were clearly too low?

1:35.6

Well, if you're looking at the stock price as any guide, you would probably see this as a case of Stitch Fix's Cup just flowing over but I'm going to revert to the tired

1:48.0

well-worn beaten-down metaphor that it's a glass half empty half full type of earnings report for me. I'm going to read some

1:56.7

notes from the earnings and maybe we can work down some finer points after that and then you know I think we can round out our opinions

...

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